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actually stop it. the house republicans are passing the paul ryan plan, and so then they'll go to conference and that where the heavy lifting will begin. >> shepard: the paul ripe plan has zero chance. >> it will pass the house and then they'll try to iron it out between the two plans. the paul ryan plan on its own would not be signed by president obama, would not pass the senate, burt it will pass the house. >> shepard: mike, thank you. meantime, something about our economy does not add up. we all know that. the latest government numbers show consumers spending grew at a strong pace. that's great because consumer spending counts for 70% of the total economic activity. here's the weird part. we're not seeing the expected comparable rise in our paychecks. we're spending more but no making more, and we're not spending more on credit cards. in fact the expert said the payroll tax hike would slow spending. it did not. so what is this? and rick suggests that more americans are taking advantage of the underground economy, earning and spending cash off the books to avoid taxes or othe
, their leaders are blasting the proposal that house republicans put forward on the budget, and author paul ryan. >> this budget was roundly defeated last november. i can imagine why they don't get a new dance step here. so until they get off this ryan republican march madness, all this magic he tried to do, we can't work together. if we're going to pass a budget. >> the house speaker, john boehner, the other key leader here on capitol hill, put a marker down saying, no more tax hikes, and no more gimics. >> but republicans reading the details of the democrats' budget say, this is not serious. >> that's correct. they are upset by the fact that the democratic budget plan would increase spending. does not address entitlements which are growing bigger every day and real drivers of the debt, and perhaps mostfor them a proposed massive tax increase. >> i'm quite shocked. we had heard it advertised by the authors that this was a trillion dollar tax increase. in fact it's a one-1/2 trillion dollar tax increase. >> on the way from hit meeseing with senate republicans, the house democrats, president obam
Search Results 0 to 1 of about 2